Musk says Tesla gigafactory in Mexico 'paused' because of potential Trump tariffs

Category: Business

Elon Musk announced that Tesla's gigafactory project in Nuevo León is paused due to potential tariffs on vehicles made in Mexico if Donald Trump wins the upcoming presidential election. Musk emphasized the need to assess the political landscape before proceeding with investments, while also increasing capacity at existing factories. The project, which could involve over $10 billion in investments, is crucial for the local economy and has faced delays amid global economic uncertainties.

Keywords: Tesla, gigafactory, Nuevo León

Source: Mexico News Daily

Update At: 7/24/2024

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